Iteris Inc (ITI) Earns “Buy” Rating from B. Riley
B. Riley reissued their buy rating on shares of Iteris Inc (NYSE:ITI) in a research note issued to investors on Wednesday. B. Riley currently has a $9.00 price target on the stock. B. Riley also issued estimates for Iteris’ Q2 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.10) EPS, FY2018 earnings at ($0.12) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.01 EPS and FY2019 earnings at $0.05 EPS.
Several other equities analysts have also commented on ITI. Zacks Investment Research lowered shares of Iteris from a buy rating to a hold rating in a report on Friday, August 18th. Northland Securities set a $8.00 target price on shares of Iteris and gave the company a buy rating in a report on Friday, August 4th.
Iteris (NYSE ITI) traded up $0.12 during mid-day trading on Wednesday, hitting $5.83. 186,933 shares of the company traded hands, compared to its average volume of 208,673. Iteris has a 52 week low of $3.20 and a 52 week high of $8.17.
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In other Iteris news, insider Todd Kreter sold 40,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $6.19, for a total value of $247,600.00. Following the sale, the insider now owns 43,303 shares of the company’s stock, valued at approximately $268,045.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Global Investors Fundamental sold 269,293 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.31, for a total transaction of $1,699,238.83. The disclosure for this sale can be found here. In the last three months, insiders sold 481,051 shares of company stock worth $2,990,259.
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Iteris in the 3rd quarter worth $120,000. Wells Fargo & Company MN grew its holdings in Iteris by 1,730.8% in the 3rd quarter. Wells Fargo & Company MN now owns 18,308 shares of the company’s stock worth $122,000 after acquiring an additional 17,308 shares during the last quarter. Rhumbline Advisers bought a new stake in Iteris in the 2nd quarter worth $136,000. The Manufacturers Life Insurance Company bought a new stake in Iteris in the 2nd quarter worth $137,000. Finally, New York State Common Retirement Fund bought a new stake in Iteris in the 2nd quarter worth $156,000.
Iteris Company Profile
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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